Get all latest income tax news, act, article, notification, circulars, instructions, slab on Taxguru.in. Check out excel calculators budget 2017 ITR, black money, tax saving tips, deductions, tax audit on income tax.
Income Tax : The Income-tax Act, 2025 continues the old specified professions framework without addressing longstanding classification issues. ...
Income Tax : The Supreme Court dismissed the Revenue's review petitions and reiterated that payments for off-the-shelf software do not constitu...
Income Tax : A detailed overview of limitation periods prescribed under the Income-tax Act reveals how missing statutory deadlines can lead to ...
Income Tax : Budget 2026 has extended the due dates for ITR-3, ITR-4, and revised returns, offering taxpayers greater flexibility. Understandin...
Income Tax : Relocating to Sikkim does not automatically exempt you from income tax. This article explains who qualifies under Section 10(26AAA...
Income Tax : The CBI apprehended an Income Tax Office Superintendent in Odisha after he was allegedly caught accepting a bribe for deleting a d...
Income Tax : The Income Tax Appellate Tribunal has proposed a priority disposal mechanism for appeals filed up to and including 2022 in respons...
Income Tax : A representation has urged CBDT to merge TDS return codes 1023 and 1024, arguing that both apply to the same contract payments wit...
Income Tax : Association requested CBDT to rationalize CASS 2026 case selection considering the administrative burden caused by implementation ...
Income Tax : KSCAA requested the CBDT to release e-filing utilities and schemas for AY 2026-27 without delay, stating that pending utilities ar...
Income Tax : The Telangana High Court held that recovery proceedings under Section 226(3) cannot automatically extend to a daughter's bank acco...
Income Tax : The Court held that an employer acting in accordance with interim judicial directions restraining TDS deduction cannot be treated ...
Income Tax : ITAT Ahmedabad held that a bank could not be treated as an assessee in default for non-deduction of TDS on LFC payments when it ac...
Income Tax : The Telangana High Court held that an assessee cannot file an updated return under Section 139(8A) once assessment proceedings hav...
Income Tax : The Department argued that Section 292BC validated the approval despite alleged deficiencies, but the Tribunal rejected this conte...
Income Tax : The CBDT has identified specific categories of taxpayers whose returns will be compulsorily selected for complete scrutiny during ...
Income Tax : The Ordinance exempts interest income and capital gains arising from Government securities for Foreign Institutional Investors and...
Income Tax : The Central Government has specified infrastructure sub-sectors from the Updated Harmonised Master List as eligible businesses und...
Income Tax : CBDT has granted scientific research approval under the Income-tax Act, 2025, enabling eligible donations to qualify for tax benef...
Income Tax : CBDT has granted scientific research approval under the Income-tax Act, 2025, allowing eligible donations to qualify for tax benef...
Understand the difference between Previous Year and Assessment Year in Indian tax law, including the standard rule and key exceptions to tax assessment.
Tribunal held that technical issues in filing Form 56F cannot bar deduction under Section 10AA. Meghmani LLP’s Rs. 4.82 crore claim allowed as form submission was directory, not mandatory.
In a case concerning a real estate transaction, the Income Tax Appellate Tribunal (ITAT), Ahmedabad, held that an assessment under Section 153C was invalid as no incriminating material was found from the assessee.
The ITAT in Hyderabad has remanded the case of Capital Fortunes to the AO, ruling that the CIT(A) was not justified in dismissing the appeal on a technicality. The tribunal held that genuine claims, such as set-off of losses and dividend exemption, must be decided on their merits.
The Income Tax Appellate Tribunal (ITAT) Nagpur has invalidated reassessment proceedings against Mithilesh Jagdeo Singh Pawar, ruling that the case was reopened on a matter already examined during the original scrutiny assessment.
The ITAT Hyderabad has ruled that a 1060-day delay in filing an appeal can be condoned if statutory notices were sent to an incorrect email address, preventing the assessee from becoming aware of the proceedings.
The ITAT Ahmedabad quashed a PCIT order, ruling that revisional power cannot be invoked for mere verification, and a specific error must be proven to show prejudice to revenue.
The ITAT in Nagpur has quashed an ex parte order against a small taxpayer, an auto driver with limited education, whose appeal was dismissed by the CIT(A). The tribunal ruled that the failure to serve notices in the preferred physical mode, as requested by the assessee, was a violation of natural justice, rendering the dismissal invalid.
The ITAT Hyderabad has sent a case involving a GST and Income Tax turnover mismatch back to the Assessing Officer for a detailed reconciliation, accepting the assessee’s claim that the discrepancy was due to a ‘year-shift’ in reporting export sales, not an income omission.
The Income Tax Appellate Tribunal (ITAT) Lucknow has quashed an income tax assessment against Suraiya Begum, who had deposited Rs.13.08 lakh in her bank account during demonetization.
